Is the AEHR share sale by Rhea J. Posedel a direct or indirect transaction?

The 7,500-share sale is reported as an indirect transaction held "By Trust." This indicates the shares were owned through a trust associated with Rhea J. Posedel, rather than from her directly registered holdings.

AEHR TEST SYSTEMS (AEHR) director’s trust sells 7,500 shares at $88.09

Filing Impact

(High)

Filing Sentiment

(Negative)

Form Type

Rhea-AI Filing Summary

AEHR TEST SYSTEMS director Rhea J. Posedel reported an open-market sale of 7,500 shares of Common Stock at $88.09 per share through a trust. After this indirect transaction, the trust holds 396,979 shares. A separate entry shows 71,163 shares held directly, which includes shares subject to unvested restricted stock units.

Insider Trade Summary

Net Seller: 7,500 shares ($660,675)

Net Sell 2 txns

Insider POSEDEL RHEA J

Role Director

Sold 7,500 shs ($661K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,500	$88.09	$661K
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 396,979 shares (Indirect, By Trust); Common Stock — 71,163 shares (Direct, null)

Footnotes (1)

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Key Figures

Shares sold: 7,500 shares Sale price: $88.09 per share Indirect holdings after sale: 396,979 shares +2 more

5 metrics

Shares sold 7,500 shares Common Stock, open-market sale by trust on 2026-04-20

Sale price $88.09 per share Common Stock transaction price for 7,500 shares

Indirect holdings after sale 396,979 shares Common Stock held indirectly "By Trust" after transaction

Direct holdings 71,163 shares Common Stock held directly, includes unvested RSUs

Net buy/sell shares -7,500 shares Net effect across reported transactions

Key Terms

open-market sale, indirect, By Trust, restricted stock units, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

indirect financial

""direct_or_indirect": "I", "ownership_type": "indirect""

By Trust financial

""nature_of_ownership": "By Trust""

restricted stock units financial

"includes shares subject to unvested restricted stock units."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

Common Stock financial

""security_title": "Common Stock""

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 04:56 PM

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

POSEDEL RHEA J

(Last)

(First)

(Middle)

C/O AEHR TEST SYSTEMS

400 KATO TERRACE

(Street)

FREMONT

CALIFORNIA

94539

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
AEHR TEST SYSTEMS [ AEHR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)
	Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/20/2026		S		7,500	D	$88.09	396,979	I	By Trust
Common Stock								71,163⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. The amount reported includes shares subject to unvested restricted stock units.

Remarks:

	/s/Chris Siu, Attorney-in-Fact	04/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did AEHR director Rhea J. Posedel report for AEHR?

Rhea J. Posedel reported an open-market sale of 7,500 AEHR TEST SYSTEMS common shares at $88.09 per share. The transaction was executed indirectly through a trust, rather than from her direct personal holdings.

At what price were AEHR TEST SYSTEMS (AEHR) shares sold in this Form 4?

The reported AEHR TEST SYSTEMS sale occurred at $88.09 per share for 7,500 common shares. This price reflects the execution level for the open-market or private transaction disclosed in the Form 4 filing.

How many AEHR shares does the reporting trust hold after the sale?

After selling 7,500 AEHR TEST SYSTEMS shares, the trust associated with Rhea J. Posedel holds 396,979 common shares indirectly. This post-transaction balance is disclosed as the total shares following the reported sale.

How many AEHR shares does Rhea J. Posedel hold directly after the reported transactions?

The Form 4 shows Rhea J. Posedel directly holding 71,163 AEHR TEST SYSTEMS common shares. A footnote states this amount includes shares that are subject to unvested restricted stock units.

Does the AEHR Form 4 mention restricted stock units for Rhea J. Posedel?

Yes. A footnote states the reported direct share amount includes shares subject to unvested restricted stock units. This means some of the 71,163 directly held AEHR TEST SYSTEMS shares are tied to outstanding equity awards.